FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 5,223 Shares of ExxonMobil Corporation $XOM

FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its stake in ExxonMobil Corporation (NYSE:XOM) by 11.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 41,802 shares of the oil and gas company’s stock after selling 5,223 shares during the period. ExxonMobil makes up approximately 1.1% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s portfolio, making the stock its 20th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in ExxonMobil were worth $5,030,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Midwest Capital Advisors LLC bought a new stake in ExxonMobil during the fourth quarter valued at $27,000. Key Capital Management INC bought a new stake in ExxonMobil during the fourth quarter valued at $28,000. Westfuller Advisors LLC bought a new stake in ExxonMobil during the third quarter valued at $30,000. Nvest Wealth Strategies Inc. bought a new stake in ExxonMobil during the fourth quarter valued at $32,000. Finally, DecisionPoint Financial LLC boosted its stake in ExxonMobil by 968.0% during the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 242 shares during the period. 61.80% of the stock is owned by institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS forecasts materially, boosting near‑term earnings expectations and supporting valuation upside for XOM. Erste Group raises EPS estimates
• Positive Sentiment: Analyst upgrades and heavy share buybacks remain bullish catalysts — Scotiabank recently raised its price target and Exxon’s multi‑billion buyback program continues to reduce float and support EPS. Analyst revision and buybacks
• Neutral Sentiment: Q1 reporting logistics: Exxon will release its Q1 press release early May 1 with a CEO call — the print and management commentary on volumes, price realization and project progress will drive intraday moves. Earnings timing and preview
• Neutral Sentiment: Street estimates: Consensus previews (Zacks) expect Q1 EPS near $1.07 on roughly $81.5B revenue — but upstream price/volume swings could push results either way, so the beat/miss will matter more than the headline. Zacks Q1 preview
• Neutral Sentiment: Project activity: Subsea 7 announced a substantial EPCI award tied to ExxonMobil activity offshore Angola — indicates ongoing upstream investment but is more a contractor win than an immediate earnings boost for Exxon. Subsea 7 contract
• Negative Sentiment: Geopolitical risk: Analysts warn that the Strait of Hormuz conflict could have trimmed Q1 volumes/pricing and may weigh on revenue and refining margins — heightened volatility increases the chance of a guidance reset. Hormuz conflict impact
• Negative Sentiment: Lawsuit risk: A new New Mexico lawsuit alleges Exxon understated orphaned‑well remediation liabilities for hundreds of wells — an adverse ruling or increased reserve requirements could raise future costs and ESG/legal uncertainty. Orphaned well lawsuit

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 11,460 shares of company stock worth $1,687,854 in the last quarter. Company insiders own 0.03% of the company’s stock.

ExxonMobil Trading Down 0.1%

NYSE XOM opened at $154.53 on Friday. The stock’s 50-day simple moving average is $154.98 and its two-hundred day simple moving average is $134.93. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $642.29 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 0.70 and a beta of 0.29.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter last year, the business posted $1.67 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts forecast that ExxonMobil Corporation will post 11.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Piper Sandler dropped their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. HSBC lifted their price objective on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Barclays lifted their price objective on ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, TD Cowen dropped their price objective on ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.55.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.